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Zebra Technologies Guides Q4 Well Below View As Q3 Results Miss Estimates
While reporting financial results for the third quarter on Tuesday, Zebra Technologies Corp. (ZBRA) provided its adjusted earnings and adjusted net sales growth guidance for the fourth quarter, well below analysts' estimates.
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Sysco Q1 Adj. EPS Miss Estimates, But Sales Top; Reaffirms FY22 Outlook
Sysco Corp. (SYY) reported Tuesday net earnings for the first quarter that increased to $465.57 million or $0.91 per share from $378.01 million or $0.73 per share in the prior-year quarter.
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Blucora Q3 Adj. Loss Miss Estimates; Narrows FY22 Outlook Range
Financial technology company Blucora, Inc. (BCOR) reported Tuesday a net loss for the third quarter that narrowed to $21.84 million or $0.46 per share from $27.80 million or $0.57 per share in the prior-year quarter.
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Bay Street Set To Open On Positive Note
Canadian shares are set to open on a positive note on Tuesday, tracking gains in European markets and firm commodity prices.
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Pfizer Boosts FY22 Outlook As Q3 Results Top Estimates
Pfizer Inc. reported a profit for the third quarter that increased six percent from last year, reflecting higher benefit from tax resolutions for multiple years, despite a 6 percent decline in revenues. Both adjusted earnings and quarterly revenues topped analysts' expectations. The company also raised its adjusted earnings and revenue guidance for the full-year 2022.
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UK Nationwide House Price Index Falls First Time Since Mid-2021
UK house prices fell for the first time in 15 months in October after the turmoil caused by the mini-budget announcement hurt the sentiment in the property market as rising borrowing cost worsen the stretched housing affordability, the Nationwide Building Society said Tuesday.
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RBA Hikes Key Rate By 25 Bps; Rates To Rise Further
Australia's central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013.
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Sensex, Nifty Gain Ahead Of Fed Meeting
Indian shares ended notably higher on Tuesday, bond yields dipped, and the U.S. dollar weakened in international markets as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.
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BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast
British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Underlying RC profit beat market estimates. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results.
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European Shares Rally As Investors Look To Fed, BoE Meetings
European stocks were sharply higher on Tuesday as markets held out hopes for a slowdown in some central banks' rate hikes.
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FTSE 100 Rises Led By Miners
U.K. stocks rallied on Tuesday, with miners leading the surge amid reports that China is looking at ways to exit its zero-COVID policy.
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CAC 40 Gains As Bond Yields Slide
French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
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DAX Rallies Led By Banks
German stocks rallied on Tuesday, the U.S. dollar weakened, and Eurozone yields fell as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.
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